LAGOS — The Nigerian Bulk Electricity Trading (NBET) has disclosed that Nigeria is selling electricity to neighboring countries for strategic reasons. Nnaemeka Ewelukwa, managing director, NBET, said this when he appeared before the house of representatives committee on finance on Tuesday. According to him, only six percent of the electricity generated in the country is sold to neighboring countries. “Nigeria sells electricity to Niger Republic and Benin Republic. Those transactions recent have been more driven...

LAGOS — A group, the All Electricity Consumers Protection Forum (AECPF), has advised the Federal Government to avoid mistakes of the past in its plan to sell five power Generation Companies (GenCos) to investors. Mr. Adeola Samuel-Ilori, National Coordinator, AECPF, gave the advice in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. NAN reports that the Bureau of Public Enterprises (BPE) had recently called for investors to acquire 100 per...